Can I retire at age 55 with 8,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$726,696$720,223$713,907$707,743$701,724$685,039
2 years$359,750$353,050$346,557$340,261$334,154$317,441
3 years$237,451$230,722$224,245$218,009$212,001$195,783
4 years$176,314$169,605$163,193$157,063$151,201$135,603
5 years$139,641$132,973$126,645$120,639$114,941$100,006
6 years$115,200$108,582$102,348$96,476$90,949$76,692
7 years$97,749$91,187$85,051$79,318$73,966$60,390
8 years$84,667$78,164$72,130$66,538$61,362$48,461
9 years$74,498$68,056$62,126$56,676$51,675$39,440
10 years$66,367$59,988$54,163$48,855$44,030$32,445
11 years$59,718$53,404$47,684$42,519$37,867$26,917
12 years$54,182$47,932$42,318$37,295$32,815$22,482
13 years$49,501$43,317$37,809$32,925$28,615$18,879
14 years$45,493$39,374$33,971$29,228$25,084$15,924
15 years$42,022$35,969$30,671$26,066$22,086$13,481
16 years$38,987$33,001$27,808$23,339$19,520$11,447
17 years$36,313$30,392$25,304$20,970$17,307$9,745
18 years$33,938$28,084$23,100$18,898$15,389$8,313
19 years$31,816$26,028$21,147$17,076$13,717$7,104
20 years$29,908$24,186$19,407$15,466$12,252$6,080
21 years$28,185$22,529$17,851$14,036$10,964$5,211
22 years$26,620$21,030$16,452$12,762$9,828$4,471
23 years$25,193$19,669$15,191$11,623$8,822$3,839
24 years$23,887$18,428$14,049$10,601$7,929$3,299
25 years$22,688$17,294$13,012$9,681$7,135$2,837
26 years$21,582$16,254$12,068$8,852$6,427$2,441
27 years$20,560$15,296$11,206$8,102$5,795$2,102
28 years$19,613$14,414$10,418$7,423$5,229$1,810
29 years$18,733$13,598$9,695$6,807$4,721$1,560
30 years$17,913$12,842$9,030$6,248$4,266$1,344
31 years$17,147$12,140$8,419$5,738$3,857$1,159
32 years$16,431$11,487$7,855$5,273$3,489$999
33 years$15,760$10,878$7,334$4,849$3,157$862
34 years$15,129$10,310$6,852$4,462$2,859$743
35 years$14,536$9,779$6,407$4,107$2,589$641
36 years$13,976$9,281$5,993$3,783$2,346$553
37 years$13,449$8,815$5,609$3,485$2,126$478
38 years$12,950$8,378$5,253$3,212$1,928$412
39 years$12,478$7,966$4,922$2,962$1,748$356
40 years$12,031$7,579$4,613$2,732$1,585$307
41 years$11,607$7,215$4,325$2,521$1,438$265
42 years$11,204$6,871$4,057$2,326$1,305$229
43 years$10,820$6,547$3,807$2,147$1,185$198
44 years$10,456$6,240$3,574$1,983$1,075$171
45 years$10,108$5,951$3,356$1,831$976$147
46 years$9,777$5,677$3,152$1,691$886$127
47 years$9,460$5,417$2,961$1,563$805$110
48 years$9,158$5,172$2,783$1,444$731$95
49 years$8,869$4,939$2,615$1,335$664$82
50 years$8,592$4,718$2,459$1,233$603$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,800,000, adding $5,253 every year, while hoping to spend $57,270 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 87/5/8 Blend
54$8,800,000$8,800,000$8,800,000$8,800,000
55$9,703,018$9,236,618$9,100,218$10,539,030
56$10,631,792$9,628,278$9,344,141$11,476,421
57$11,653,380$10,037,209$9,594,315$12,498,171
58$12,777,191$10,464,198$9,850,891$13,619,408
59$14,013,587$10,910,068$10,114,019$14,850,125
60$15,373,990$11,375,678$10,383,856$16,201,326
61$16,870,981$11,861,930$10,660,559$17,685,137
62$18,518,424$12,369,767$10,944,290$19,314,912
63$20,331,594$12,900,176$11,235,214$21,105,361
64$22,327,322$13,454,190$11,533,500$23,072,689
65$24,524,154$14,032,892$11,839,318$25,234,749
66$26,942,526$14,637,411$12,152,843$27,611,207
67$29,604,955$15,268,935$12,474,254$30,223,727
68$32,536,251$15,928,704$12,803,733$33,096,178
69$35,763,755$16,618,017$13,141,464$36,254,854
70$39,317,592$17,338,233$13,487,636$39,728,726
71$43,230,957$18,090,777$13,842,443$43,549,710
72$47,540,428$18,877,139$14,206,078$47,752,970
73$52,286,313$19,698,880$14,578,743$52,377,248
74$57,513,026$20,557,635$14,960,640$57,465,229
75$63,269,510$21,455,114$15,351,977$63,063,943
76$69,609,694$22,393,109$15,752,963$69,225,208
77$76,593,009$23,373,497$16,163,812$76,006,116
78$84,284,940$24,398,242$16,584,744$83,469,574
79$92,757,650$25,469,403$17,015,980$91,684,894
80$102,090,660$26,589,133$17,457,744$100,728,446
81$112,371,596$27,759,689$17,910,268$110,684,380
82$123,697,020$28,983,435$18,373,783$121,645,417
83$136,173,338$30,262,845$18,848,526$133,713,723
84$149,917,806$31,600,512$19,334,739$147,001,871
85$165,059,635$32,999,150$19,832,666$161,633,905
86$181,741,213$34,461,604$20,342,556$177,746,507
87$200,119,444$35,990,850$20,864,659$195,490,286
88$220,367,236$37,590,010$21,399,233$215,031,200
89$242,675,123$39,262,350$21,946,537$236,552,115
90$267,253,074$41,011,293$22,506,834$260,254,538
91$294,332,466$42,840,424$23,080,391$286,360,511
92$324,168,272$44,753,500$23,667,479$315,114,707
93$357,041,468$46,754,454$24,268,373$346,786,738
94$393,261,684$48,847,408$24,883,349$381,673,696
95$433,170,124$51,036,680$25,512,689$420,102,961
96$477,142,791$53,326,791$26,156,679$462,435,281
97$525,594,033$55,722,482$26,815,605$509,068,182
98$578,980,457$58,228,716$27,489,760$560,439,715
99$637,805,234$60,850,694$28,179,438$617,032,591
100$702,622,855$63,593,865$28,884,936$679,378,730